Nipson Equipment Sales Up 62% In First Quarter Of 2005

Monday, May 23, 2005

Press release from the issuing company

(Dartford, UK) May 20, 2005 – Nipson Digital Printing Systems PLC, the developer and manufacturer of high speed digital black and white production printing equipment, reported strong results for the first quarter of 2005. Overall revenues for the quarter were £ 7.8 million, a 17% increase compared to the same period in 2004. Equipment turnover totaled £3.2 million, a 62% increase over the first quarter of 2004. Net profit for the quarter was £ 0.1 million, compared to a net loss of £0.3 million in the same quarter of 2004.
This strong start of the year was fed partly by continued strong sales of the Nipson VaryPress 400, the Company’s flagship product. Installations of this press during the quarter include new customer MAR Graphics, a print and fulfillment operation in the US, and Schagen & Eschen, an existing customer in Germany.
“Our strong investment in new technologies has generated significant momentum for Nipson,” says Alfons Buts, Managing Director of Nipson Digital Printing Systems PLC. “Innovative products such as the new VaryPress 400 and the VaryPress 200 are fueling our growth. Moreover the expansion of our sales organization and distribution network in North America and China is already resulting in new sales.” He added “The additional capital we raised through the secondary placement of shares in March 2005 has provided us with adequate funds to further implement our growth strategy.”
In the first quarter of 2005, Nipson entered into a distributor agreement with Pitman Co. (Totowa, NJ), the largest independent distributor to the commercial and packaging industries.
At China Print ’05 in Beijing (May 11-15), Nipson launched its partnership with Syntax, its new distributor for the Chinese marketplace. Syntax is the largest distributor in China for HP Indigo with over 100 employees and a highly experienced sales force providing full geographic coverage in all of China’s industrial regions.